Saturday, May 27, 2000

Tristate Summary




Work begins on Digineer office
        Digineer Inc. broke ground this week on a headquarters building in Mason. Al. Neyer Inc. is developing the 15-acre campus on Cintas Boulevard.

        Digineer will occupy the 40,400-square-foot building by the end of the year, and has options on two more buildings.

        The company, which develops computer and Internet applications for the healthcare industry, was awarded incentives from Mason and the state of Ohio for its expansion.

GE factory gets Ky. tax break
        General Electric Co. won tax breaks worth nearly $10 million from Kentucky as part of a package that kept its Louisville refrigerator production from moving to Mexico.

        The tax break approved by the board of the Kentucky Economic Development Finance Authority is to be realized over 10 years. It will be applied to GE's corporate license taxes.

        The tax credits are contingent on continued employment at GE's Appliance Park in Louisville of at least 80 percent of the 5,640 hourly workers. f the number of workers drops below that level, the tax break will drop proportionately.

        GE said last year that it would need to move refrigerator production to Mexico to competitively manufacture more efficient refrigerators required under federal rules by next year.

Erlanger firm sells service units
        Erlanger-based International Knife & Saw Inc. said Friday it sold service centers in Nashville, Atlanta and Richmond, Va. to Dunbar Holdings Inc., an authorized distributor of International Knife products.

        Terms weren't disclosed. International Knife said the sale would allow it to expand its commercial knife and saw manufacturing business.

Glass maker changes name
        A company that helped make Toledo the “Glass Capital of the World” is changing its name. Pilkington Libbey-Owens-Ford simply will be known as Pilkington.

        The Pilkington Group agreed to buy out the remaining interest from Nippon Sheet Glass Group, giving Pilkington sole ownership of Libbey-Owens-Ford.

        The auto glass maker was acquired by the British-based Pilkington Group in 1986. The company is building one global identity, Warren Knowlton, president of Pilkington Automotive Worldwide, said Friday.

— From staff and wire reports

       



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- Tristate Summary
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